This book provides an up-to-date discussion of the UK financial system and the changes affecting it. The Twenty First Century has witnessed a sea-change in regulation of the financial system following the financial crisis of 20078. Prior to the financial crisis in 20078 the official policy was directed to deregulating the financial system, whereas post 2008 the move is towards increased regulation. This caused changes in the nature and behaviour of the institutions and the regulatory authorities, with the result that existing texts quickly become dated. The aim of this book is to bring the...